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Methuen Town 01844
55 Harvard Ave
$525,000
● House - Off Market

55 Harvard Ave

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,244 Ft²
$470,509
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

***OPEN HOUSE CANCELLED***  Come fall in love with this West Methuen gem that sits on just over a half acre of land, has road frontage on 2 streets which may lead to endless possibilities...sub-divide, additions, garage for toys OH BOY!!! Enjoy the ease of 1244 sq' of updated one floor living, consisting of 3 beds 1 bath, open concept kitchen - Livingroom and beautiful 4 season room.  This home is sure to check all the boxes you have been looking for, do not wait!
Unit Size
1,244 Ft²
Days on Market
-
Land Size
0.58 acres
Price per sqft
$378
Property Type
House
Property Taxes
$382
HOA Dues
-
Year Built
1963

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #73118784)

Price History

Date / Event Date Event Price
Jun 30, 2023 Sold
Premium
Sold
Jun 4, 2023 In contract -
In contract
Jun 1, 2023 Listed by Century 21 McLennan & Company $469,721
Listed by Century 21 McLennan & Company
May 15, 2017 Sold
Premium
Sold
Jan 20, 2017 Listed by Century 21 McLennan & Company $304,900
Listed by Century 21 McLennan & Company
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,040
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 25,152
  • Total Building Area: 1,244
  • Gross Building Area: 2,320
  • Building Area: 1,244
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,244
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: METHUEN
  • Land Acres: 0000000577
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Methuen School District
  • School Tax School District: METHUEN SD
  • Census Tract: 252202

Zoning

  • Zoning: RB

Geography

  • Account Number: 1797
  • Parcel: METH M:00412 B:00126A L:00069Q
  • Block: 126A
  • Lot: 69Q
  • Municipality: METHUEN
  • Latitude: 42.7328
  • Longitude: -71.2204

    Address

  • Full Address: 55 Harvard Ave
  • Address - House Number: 55
  • Address - Street Name: Harvard
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Methuen
  • Carrier Code: C037
  • 4-Digit Zip Code: 1515
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $458,300
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1158
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 87
  • Final Value: 496,712
  • High Value: 554,246
  • Low Value: 439,179

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $391,700
  • Assessed Land Value: $204,400
  • Assessed Improvements Value: $187,300

    Sales

  • Current Sale Contract Date: May 30, 2023
  • Current Sale Recording Date: Jun 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 10417
  • Previous Sale Recording Date: May 15, 2017
  • Previous Sale Amount: $292,500
  • Previous Sale Document Type: O
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Methuen Town

Stats & Trends

Median Asking:

$599,900

Sale Price/ft²

$325

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2191 ft²

Average Home Age

55.3 years

Currently For Sale

76 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 58 Brady, Salem, 03079

$3,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,751 ft²
58 Brady, Salem, 03079 Listing by Nancy Bilodeau

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73118784

Frequently Asked Questions

When was property at 55 Harvard Avenue built and last sold?
The property at 55 Harvard Avenue was built in 1963 and last sold on May 30, 2023 for $525,000.
How much is this home worth?
The estimated value of the home located at 55 Harvard Avenue is $467,008.
What are some comparable homes to 55 Harvard Avenue?
There are currently no comparable homes to 55 Harvard Avenue.
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